What RAEX-Europe does

RAEX-Europe (legal entity: Rating-Agentur Expert RA GmbH) is an independent EU-domiciled ESG rating agency headquartered in Frankfurt am Main, Germany, founded in 2017 as the European arm of the RAEX International Group, which has over 30 years of experience in the rating and analytical industry. The company produces ESG ratings and corporate rankings for issuers across Russia, Kazakhstan, Mongolia, and Uzbekistan, with 145 companies participating in its final 2024 ranking, of which 122 are Russian, 17 Kazakh, 2 Mongolian, and 4 Uzbek. Its core products are the ESG Corporate Ranking (with separate E-Rank, S-Rank, and G-Rank scores) and the ESG Rating List, both built on a published methodology last updated in spring 2025 that relies exclusively on publicly disclosed ESG data and requires minimum disclosure thresholds for inclusion. RAEX-Europe also operates the MosIUR (Moscow International University Ranking 'The Three University Missions'), an academic ranking covering 2,000 universities from 112 countries and audited by PwC.

The company distributes ratings and rankings directly through its website (raexpert.eu) via downloadable PDF reports, supported by a RuTube video channel, news releases, and event-driven webinars. Its go-to-market combines a sales-led approach (solicited and unsolicited ESG rating subscriptions) with event-led international outreach, including a December 2025 Memorandum of Understanding with African ESG analytics provider Risk Insights and a February 2026 joint webinar attended by the Russian Trade Mission to South Africa. Named ranked entities include large Russian enterprises such as Norilsk Nickel, PhosAgro, Sberbank, ALROSA, and Severstal, and the company has begun evaluating state-owned Uzbek corporates such as Uzbekhydroenergo and Uztransgaz for the first time. Revenue derives from recurring subscription-based ESG rating services, with pricing not publicly disclosed; no headcount, revenue, or funding data is publicly available, and the company operates as a privately held subsidiary of the RAEX International Group.

Name

RAEX-Europe

Legal name

Rating-Agentur Expert RA GmbH

Website

https://raexpert.eu

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

RAEX-Europe is an independent EU ESG rating agency in Frankfurt, Germany, providing subscription-based ESG ratings and corporate rankings for 145+ companies across Russia, Kazakhstan, Mongolia, and Uzbekistan, plus the MosIUR university ranking.

Ownership category

akta.pro rank

Product category

ESG Rating Services

NAICS

Marketing Research and Public Opinion Polling (541910)

SIC

Services-Engineering, Accounting, Research, Management (8700)

akta.pro primary industry

ESG Data, Ratings & Climate Benchmarks (FSAFAIAI)

akta.pro secondary industries

ESG Data, Ratings & Research (Providers, Methodologies, Analytics) (FSAAALAJ), Sustainable Finance & ESG Ratings/Benchmarking Support (EUAHAJAH)

Keywords

• ESG rating services
• Corporate sustainability rankings
• ESG assessment methodology
• Emerging markets analytics
• University ranking services

Headquarters

HQ city

Frankfurt

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. ESG Rating Services: RAEX provides ESG ratings to companies on both solicited and unsolicited basis, with solicited ratings being paid services requested by companies, while unsolicited ratings are conducted independently. The agency evaluates companies based on public ESG data and assigns rating bands (AAA, AA, A, BBB, BB, B, CCC, CC, C).

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

RAEX-Europe is an independent EU ESG rating agency that evaluates companies in Russia, Kazakhstan, Mongolia, and Uzbekistan on Environmental, Social, and Governance criteria using exclusively public data. It publishes the annual ESG Corporate Ranking (with separate E/S/G sub-scores and rating bands from AAA to C) and the ESG Rating List, and also runs the Moscow International University Ranking 'The Three University Missions' (MosIUR). Solicited ratings are offered as paid engagements to issuers, while unsolicited ratings and ranking positions are published publicly.

Product overview

RAEX-Europe is an independent EU ESG Rating Agency affiliated with the international group RAEX (30+ years of rating experience). The company operates a unified platform offering ESG ratings and rankings across Eastern European and Central Asian markets. Core offerings include the ESG Corporate Ranking (covering 145+ companies from Russia, Kazakhstan, Mongolia, and Uzbekistan with E/S/G rank scores), the ESG Rating List, and the Moscow International University Ranking (MosIUR). The company publishes rankings based on updated methodology and public company data, focusing on environmental, social, and governance dimensions.

Differentiator

Problem solved

Functional benefit

Products and services

• ESG Corporate Ranking Annual ESG ranking of large listed companies from Russia, Kazakhstan, Mongolia, and Uzbekistan, providing separate E-Rank, S-Rank, and G-Rank sub-scores and an overall ESG band rating (AAA through C), used by issuers, investors, and stakeholders to benchmark sustainability performance.
• ESG Rating List Continuously maintained list of companies that have received an ESG rating from RAEX-Europe based on publicly available non-financial reporting data, accompanying the annual ESG Corporate Ranking.
• MosIUR (Moscow International University Ranking 'The Three University Missions') International academic ranking that evaluates universities on three core missions (education, science, and interaction with society) using only objective criteria based on official data and reputable international information providers, explicitly excluding reputational surveys.

Quantifiable outcome

• 145 companies ranked in final 2024 ESG ranking
• +1 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature2 records

Partnerships

Two partnerships are on record, tiered minor and core.

• Russian Trade Mission to South AfricaminorGTM or Marketing Partner · 12 February 2026The Russian Trade Mission to South Africa attended the joint RAEX-Risk Insights webinar on ESG analytics, emphasizing the strategic importance of ESG cooperation between regions.
• Risk InsightscoreStrategic or Co-development Partner · 1 December 2025RAEX and Risk Insights signed a Memorandum of Understanding (MoU) in December 2025 to develop ESG assessment methodologies adapted to emerging markets and the Global South. The partnership aims to strengthen interregional knowledge sharing and develop alternative analytical frameworks beyond traditional Western-centric ESG models. The first practical implementation was a joint webinar attended by the Russian Trade Mission to South Africa.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Moody's ESG Solutions: Moody's ESG Solutions delivers ESG scores, climate data, and sustainable finance analytics as part of the broader Moody's platform, including Vigeo Eiris. It competes with RAEX-Europe on emerging-market coverage and brings far greater distribution scale.
• S&P Global ESG Scores: S&P Global's Corporate Sustainability Assessment (CSA) and ESG Scores evaluate thousands of global issuers, including emerging-market companies. As a benchmark ESG data provider used by major indices (DJSI), it is a broad competitive incumbent similar in rating-driven business model to RAEX-Europe.
• MSCI ESG Research: MSCI's ESG Research arm publishes widely-consumed ESG ratings for thousands of global issuers, including emerging-market corporates. It is the largest benchmark competitor to RAEX-Europe in ESG ratings methodology and distribution, though it does not specialize in CIS/Central Asia.
• Sustainalytics (Morningstar): Sustainalytics provides ESG risk ratings for buy-side and corporate clients across global markets, including emerging economies. It is a direct competitor in ESG rating methodology and competes with RAEX-Europe for institutional investor wallet share serving EM allocations.

Direct peers

• Arabesque S-Ray: Arabesque S-Ray offers ESG scores for global companies using quantitative and public-data methodologies, with stated applicability across emerging markets. It is among the closest methodological peers to RAEX-Europe's exclusively-public-data, multi-dimensional scoring approach.
• EcoVadis: EcoVadis provides sustainability ratings for companies, with growing emerging-market coverage. Like RAEX-Europe, it scores corporate ESG performance for use by both the rated companies (solicited) and downstream buyers/investors, and is comparable in serving a B2B corporate customer base across multiple jurisdictions.
• ISS ESG: ISS ESG offers corporate, country, and sector-level ESG ratings used by European institutional investors and is among the closest functional analogues to RAEX-Europe's ESG Corporate Ranking, including coverage of selected emerging-market issuers and a comparable methodology-update cadence.

Emerging players

• CDP (Carbon Disclosure Project): CDP runs a global environmental disclosure system used by thousands of companies and investors, including emerging-market issuers, and produces climate/ESG scoring outputs. It overlaps with RAEX-Europe in serving institutional investors seeking standardized EM corporate ESG data.
• RepRisk: RepRisk provides ESG and business-conduct risk metrics using public-source data analytics, including for emerging-market issuers. It is comparable to RAEX-Europe in its public-data-only methodology and in serving institutional investors with emerging-market ESG signals.
• Risk Insights: Risk Insights is an African ESG analytics provider that signed an MoU with RAEX-Europe in December 2025 to develop ESG frameworks for emerging markets and the Global South. It is a regional peer and active partner operating in an adjacent emerging-market geography.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/RaexEurope
• Facebookfacebook.com/RAEXgmbh
• LinkedInlinkedin.com/company/rating-agentur-expert-ra-gmbh

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about RAEX-Europe